US EditionCoinbase's SEC Documents Reveal NY Attorney General Wanted ETH Declared Security
- In 2023, during New York's legal action against KuCoin, the state’s Attorney General sought a formal statement from the SEC classifying Ethereum’s ether as a security.
- The request was made by Shamiso Maswoswe, who leads investor protection efforts at the New York Attorney General’s office, with the goal of strengthening safeguards for investors amid regulatory enforcement activities.
- Despite the request, the SEC remained silent and did not file the requested amicus brief, maintaining a largely unclear stance while historically signaling ETH as a commodity.
- In December 2023, KuCoin agreed to pay $22 million to resolve claims by New York that it operated without proper registration as a crypto exchange, highlighting the state's active role in regulating the cryptocurrency sector.
- The episode underscores persistent regulatory disputes over crypto asset classifications and signals New York’s commitment to hold unlicensed platforms accountable.
15 Articles
15 Articles
Coinbase's SEC Documents Reveal NY Attorney General Wanted ETH Declared Security
The New York State Attorney General asked the U.S. Securities and Exchange Commission to openly declare Ethereum's ether (ETH) was a security, not a commodity, during the state's prosecution of KuCoin in 2023, according to a document revealed by Coinbase Inc. in a trove of agency communications released on Wednesday.Shamiso Maswoswe, chief of the Investor Protection Bureau for the New York AG, hoped the federal watchdog would weigh in during the…
Coinbase FOIA Revelations Expose Internal SEC Disagreements on Crypto Regulation
Coinbase found SEC emails showing mixed views on crypto rules through a Freedom of Information Act request. SEC failed to respond when asked to support claims that Ethereum is a security in the KuCoin case. Technical issues stopped the SEC from opening a key video sent by Coinbase in a regulatory case. Coinbase has obtained internal documents from the U.S. Securities and Exchange Commission (SEC) that reveal regulatory inconsistencies. The docum…
Coinbase FOIA Release Unveils SEC’s Internal Deliberations on XRP and Ethereum
Coinbase has released a batch of internal documents obtained through Freedom of Information Act (FOIA) requests, offering a rare glimpse into the U.S. Securities and Exchange Commission’s (SEC) evolving views on the regulatory status of XRP and Ethereum (ETH). The documents span communications from 2021 to 2023, reveal inconsistencies, internal doubts, and political pressure during the SEC’s high-profile legal battle with Ripple Labs and paralle…
Coinbase's FOIA Findings Expose SEC Crypto Conflicts - Blockchain & Cryptocurrencies Tabloid
Coinbase reveals internal SEC crypto conflicts via FOIA findings, impacting Ethereum's regulatory status. The post Coinbase’s FOIA Findings Expose SEC Crypto Conflicts appeared first on Blockchain & Cryptocurrencies Tabloid.
Coinbase PENDLE: Major Trading Access Opens for New York Residents
The post Coinbase PENDLE: Major Trading Access Opens for New York Residents appeared on BitcoinEthereumNews.com. Great news for cryptocurrency enthusiasts in the Empire State! Coinbase has officially announced support for PENDLE trading specifically for New York residents. This move significantly expands the options available for Crypto Trading New York residents on one of the world’s leading crypto platforms. Why the Coinbase PENDLE Listing Mat…
Coinbase Releases Treasure Trove of SEC Docs on Ethereum, XRP and More - WorldNL Magazine
In brief New York prosecutors unsuccessfully sought the SEC's opinion on Ethereum's security status in 2023 to strengthen their case against KuCoin, according to records obtained by Coinbase through a FOIA request. Internal communications revealed through Coinbase's FOIA request expose regulators' uncertainty about crypto regulation despite their aggressive legal actions against digital asset companies. Documents show the SEC's private reluctanc…
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